Silver's Potential Trends Analyzed on Daily and Monthly Charts

Crypto KOL Simon Hayes posted on X. The analysis of Silver ($XAG) on both daily and monthly timeframes reveals potential short-term and long-term trends. On the daily chart, Silver is maintaining its position above the rising support line, which is currently between $68 and $66. If Silver continues to hold this support, it may consolidate for several weeks before resuming its upward trend, with resistance identified around $92. In a broader perspective, the monthly chart suggests longer-term possibilities. If the current bull run in precious metals concludes, Silver might experience a decline to test historic support levels between $50 and $48. Such a movement could unfold over several months or even years.